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...The UK sent a warship to the neighbouring country at the end of last year as part of Britain’s backing for the Commonwealth nation....
...Malek noted that it was not guaranteed that demand for oil and gas would peak in 2030, as predicted by the International Energy Agency, as the populations of developing countries begin to buy more cars and...
...; it also has similar-sized stakes in another 70-plus banks in which the FDIC does not have a supervisory role....
...CBA, also known as Commonwealth Bank of Australia or CommBank, bought its 25 per cent stake in emerging telecoms company Tangerine and More Telecom in 2021, as part of a push to go “beyond banking”....
...McKernan sought to set up an FDIC-run compliance programme for large index fund managers that say they are seeking to be “passive” investors in FDIC-supervised banks....
...This requires it to handle or “resolve” failed banks in a way that is least costly to the FDIC’s deposit insurance fund, except in extraordinary circumstances. There are valid reasons for this....
...The FDIC seized the loans from the former Signature Bank, one of a trio of lenders that failed or closed in early March, kicking off a period of turmoil for the banking sector....
...The package of 22 recommendations, which will be submitted for discussion in the Swiss parliament, includes bolstering the powers of Finma, the financial regulator, as well as tightening capital requirements...
...As a result, more banks would need to fail for Porticoes to be able to use money it has raised — and the list of potential targets is slim....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...The Federal Deposit Insurance Corporation, which released the numbers on Thursday as part of its quarterly review, does not name the individual banks that are on its so-called problem bank list....
...The big banks are lending as much as they can, with the four largest US banks having $4tn of loans and leases outstanding, according to FDIC data....
...Regulators have long argued for such a link as they lectured bankers to clean up their acts in the service of financial stability....
...That matters, as it takes a majority vote to finalise a rule,” Seiberg, who is managing director in TD Cowen’s Washington research group, wrote in a note to clients on Thursday....
...Noting that the FDIC had faulted the board of Silicon Valley Bank for the lender’s failure, Kennedy suggested that Gruenberg and fellow board members should be held to account in the same way....
...In September, the FDIC began its auction of Signature Bank’s assets and hired adviser Newmark to oversee the process....
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...US banks now hold $1.40 in reserves for every dollar of delinquent commercial real estate loans, down from $2.20 a year ago, according to the FDIC data, and the lowest cover banks have had to absorb potential...
...As with so much of what the Fed has done in recent years, the BTFP had profound unintended consequences for market functioning....
...The relatively high cost of deposits should make the FDIC’s new rules more palatable for lenders....
...Nearly a year after Silicon Valley Bank collapsed, it is tempting to dismiss the US regional banking crisis as a very loud tempest in a relatively small teapot....
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...And when KPMG cut jobs in its US audit business in March, it noted “capacity issues created by ongoing and historically low attrition”....
...Blackstone is marketing the BP and BCG office known as “Cargo”, formerly home to the Financial Conduct Authority, which it bought in 2014 for about £165mn....
...In retrospect, the report said, “for an institution of its size, sophistication, and risk profile, the bank should have taken additional proactive measures to mitigate interest rate risk” such as selling...
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